Now that it has been determined that the Merger is not going forward, in order to comply with the capital requirements of the Consent Order, the Bank will need to complete a new capital offering or find another solution which improves its capital ratios, such as finding a new merger partner, arranging for the possible sale of the Bank or a transfer of control of the Bank, or taking steps to decrease the asset size of the Bank until the ratios are in compliance with the Consent Order. The Bank presently intends to commence a common stock offering, subject to regulatory approval, by the end of the first quarter of 2013 to effect compliance with the capital ratios. The Bank believes that its improved condition in 2012 compared to 2011 will allow the Bank to raise sufficient capital to resolve the requirements of the Consent Order. So, wait to initiate a position after said stock offering? Other risks on the table still: cheap takeover, merger into unwanted bank, dilution? I'll be keeping an eye out for that stock offering.